|Bid||0.2500 x 0|
|Ask||0.2650 x 0|
|Day's range||0.2650 - 0.2700|
|52-week range||0.2100 - 0.3600|
|Beta (3Y monthly)||0.18|
|PE ratio (TTM)||66.25|
|Forward dividend & yield||0.01 (3.45%)|
|1y target est||N/A|
SINGAPORE (Mar 11): Stamford Tyres announced 3Q19 earnings declined by 97.90% to $20,000, compared to $953,000 in 3Q18. This brings 9M19 earnings to $151,000, 96.64% lower than $4.50 million in 9M18. Total revenue for the quarter was 14.21% lower at $54.1 million from $63.1 million a year ago.
Gross profit margin, however, fell to 21% in 2Q from 26.1% a year ago due to higher cost of sales in tyres as well as higher costs of wheel production. Share of results of joint ventures fell to $87,000 over 2Q19 compared to $0.6 million a year ago due to lower sales from both of Stamford’s joint ventures.
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